Entravision Communications reports its revenues are down 17% – from $61 million a year ago to $50.8 million in Q3 of this year. The company attributes its more than $10 million drop to a decrease in local and advertising rates in both its TV and radio properties, due to the weak economy.
On the other hand, the company decreased its operating expenses by more than $6 million, by eliminating jobs and salary reductions.